Performance

Real Estate Results


Healthy Neighborhoods measures quarterly real estate sales data and reports its findings to its board of directors and neighborhoods partners. The data compare home values on target blocks to neighborhood census tracts as well as trends for Baltimore City overall. For each neighborhood Healthy Neighborhoods tracks percentage of permits over $5,000, median listing price, median days on the market, number of units sold, and percentage of vacant and abandoned buildings.

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Neighborhood Stabilization Program (NSP) 2
Reports


What's NSP2? It stands for Neighborhood Stabilization Program 2, a federally funded effort to mitigate the impacts of foreclosed and abandoned properties. Healthy Neighborhoods, Inc., in a consortium with the City of Baltimore Department of Housing and Community Development, St. Ambrose Housing Aid Center, Druid Heights Community Development Corporation, Habitat for Humanity of the Chesapeake and Telesis Baltimore Corporation, has been awarded $26,092,880 in NSP2 funds. The Consortium will use these funds to address housing markets across targeted areas in 12 census tracts. Addressing these targeted areas will stem decline and build value in the real estate market. The consortium will acquire, rehabilitate and resell and will provide financing mechanisms for foreclosed and abandoned properties. 

Click here to view the Healthy Neighborhoods NSP2 Reports.
Click here for more information about the Healthy Neighborhoods NSP2.
 

Study to Identify Low Income Restricted Housing


Healthy Neighborhoods asked the Community Law Center (CLC) to identify multi-family income restricted developments in and around the Healthy Neighborhoods (at the time of the study, Healthy Neighborhoods was working in 10 neighborhoods). The study was to determine, among other factors, how much housing was available and when or if it was vulnerable to conversion to market use. We found that most units in and around the 10 Healthy Neighborhoods are not at risk in the immediate future for conversion to market-rate use because of long-term rent restrictions that come with public financing. Through its research, the CLC identified 5,988 subsidized units in and around the Healthy Neighborhoods that have income and rent restrictions: 2,210 units are designated for low-income families; 2,808 units are designated for elderly and disabled residents; 970 units are in mixed-use projects. 
 

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Financial Statements


To read Healthy Neighborhoods' Financial Statements and Independent Auditors' Report for the year ending December 31, 2008, click here.

To view Healthy Neighborhoods' 2010 Form 990, click here.